Ecuador promotes trade ties with Vietnam
(VOV) - Ecuador’s Foreign Ministry announced on March 17 that Vietnam and Ecuador will establish a group to carry out a feasibility study on negotiating a preferential tariff agreement to boost bilateral trade ties.
This is part of a memorandum of understanding on economic and trade cooperation between Vietnam’s Ministry of Industry and Trade and Ecuador’s Ministry of Foreign Trade signed in Hanoi last week.
The Ecuador Foreign Ministry said the signing of the MoU is to prepare for the President Rafael Correa’s visit to Vietnam later this year.
The Ecuador Government’s statistics reveal that two-way trade turnover is currently US$100 million annually.